Osinbajo, NNPC executives, others meet oil majors on PIB
Vice-President Yemi Osinbajo has met with some stakeholders in the oil and gas industry in continuation of the Federal Government’s consultations ahead of the passage of the Petroleum Industry Bill (PIB) currently before the National Assembly. A statement by Osinbajo’s…
FG needs private sector to succeed in national gas scheme—MOMAN boss
Leadership of the Major Oil Marketers Association of Nigeria (MOMAN) has made it clear to the Federal Government that it needs the support of the private sector, to implement the National Gas Policy. The scheme is aimed at deepening gas…
FG cloudy, insincere with deregulation—Oil marketers allege
Nigerian oil and gas marketers this week accused the Federal Government of paying lip service to the implementation of total deregulation of the downstream oil sector. In their views, they argue that as it affects domestic consumption of premium motor…
FG denies, agrees 50% hike in electricity tariff
Following the approval for the hike in electricity tariff given by the Nigerian Electricity Regulatory Commission (NERC), as the increase which varies (from N2 to N4), based on different consumer classes, took effect from January 1, 2021, there had been…
Oil price hits 11 month high on S/Arabia’s move
Oil hits 11-month high after Saudi Arabia pledges voluntary output cut – Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while…
Chevron Staff’s Road Project Excites Enugu Community
The Enugu Akwu-Achi communities in Oji River Local Government Area of Enugu State, have applauded the kind gesture of their illustrious son and a staff of Chevron Nigeria Limited, Mr. Victor Chimaobi Anyaegbudike, who recently embarked on the rehabilitation of…
Jumping Cooking gas price rubbishes FG campaign on usage
Strong indications are beginning to suggest that Nigerians are losing courage in switching from kerosene and fuelwood based cooking methods to gas following rising cost of filling all grades of cylinders. Currently, the price of Liquefied Petroleum Gas, popularly known…
How Oredo gas scheme will pump N2.8tr to Nigeria’s 2021 budget, beyond
All things being equal, fact check shows that not less than N2.8 trillion-revenue is expected from a new 200 million cubic feet gas project being promoted by the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum…
GE takes stand on Climate Change: Calls for faster user of Renewables, Gas Power
Whitepaper on energy transition builds on GE’s commitment to carbon neutrality in its operations by 2030 and announced intention to exit the new-build coal power market [1]; renewables supported by gas-fired power and ongoing coal-to-gas conversion most impactful way to…
Gas shortage, poor load demand by Discos push generation further lower
Whereas a total of 10,106.8 megawatts of electricity remained unmoved to needed users across the country last week, gas shortage and low or selective demand by Discos have been fingered. Business Hilights gathered that power plants connected to the national…
